Re: bradford bulls problems : Sun Jul 22, 2012 8:46 am  

So the administrator must be collecting fees now? If Bradford are bleeding money he's not going to wait until the liquidated end when there could be nothing left. I'll have a google at it all - fascinating stuff.

Re: bradford bulls problems : Sun Jul 22, 2012 9:04 am  

littlerich wrote:

So the administrator must be collecting fees now? If Bradford are bleeding money he's not going to wait until the liquidated end when there could be nothing left. I'll have a google at it all - fascinating stuff.

Obviously he cant work for nothing and he will make sure that whatever happens, there will be monies available to pay his fees.
If a buyer isn't found and the business is liquidated, then everything would be sold ie players and any other assetts so there is no doubt that they the administrator will be paid.

Re: bradford bulls problems : Sun Jul 22, 2012 10:23 am  

wrencat1873 wrote:

Obviously he cant work for nothing and he will make sure that whatever happens, there will be monies available to pay his fees.
If a buyer isn't found and the business is liquidated, then everything would be sold ie players and any other assetts so there is no doubt that they the administrator will be paid.

No one in their right mind would buy a player from Bradford at the moment and to be honest even the players would be better waiting to get a bigger signing on fee.

Re: bradford bulls problems : Mon Jul 23, 2012 6:59 am  

wrencat1873 wrote:

Maybe so but, if there is only one deal on the table, then they will automatically be getting the best deal for the creditors, regardless of how good the offer may seem.

Except the creditors will need to be convinced that the best solution is for ABC to trade the club out of difficulties. I have seen administration rejected by creditors because quite simply, they want their money NOW

Re: bradford bulls problems : Mon Jul 23, 2012 4:02 pm  

mikej wrote:

Except the creditors will need to be convinced that the best solution is for ABC to trade the club out of difficulties. I have seen administration rejected by creditors because quite simply, they want their money NOW

Thats not going to happen here.
IIRC itb was HMRC that issued the winding up order and they have agreed the extension and there is no point in any other creditors tring to wind them up.

Re: bradford bulls problems : Mon Jul 23, 2012 7:02 pm  

When is an offer in fact not any offer at all?

Answer: when it's the "offer" for the Bradford Bulls.

"a spokesman for joint administrator Brendan Guilfoyle, of The P&A Partnership, said the offer from ABC was only an “indicative bid” and a “starting point for discussion” rather than a formal offer."

Re: bradford bulls problems : Mon Jul 23, 2012 7:51 pm  

Ferocious Aardvark wrote:

When is an offer in fact not any offer at all?

Answer: when it's the "offer" for the Bradford Bulls.

"a spokesman for joint administrator Brendan Guilfoyle, of The P&A Partnership, said the offer from ABC was only an “indicative bid” and a “starting point for discussion” rather than a formal offer."

27th of July is a few days away.......or will there be yet another extansion on an extension with a bucket collection as well

Re: bradford bulls problems : Mon Jul 23, 2012 8:10 pm  

wrencat1873 wrote:

If a buyer isn't found and the business is liquidated, then everything would be sold ie players and any other assetts so there is no doubt that they the administrator will be paid.

If there's no money to pay the players then surely they become free agents? Otherwise they could be sat there twiddling their thumbs and not getting paid because nobody wants to pay a fee for AN Other.

Re: bradford bulls problems : Mon Jul 23, 2012 8:25 pm  

McClennan wrote:

If there's no money to pay the players then surely they become free agents? Otherwise they could be sat there twiddling their thumbs and not getting paid because nobody wants to pay a fee for AN Other.

If the club is liquidated the players do become free agents.

Re: bradford bulls problems : Tue Jul 24, 2012 7:17 pm  

gutterfax wrote:

27th of July is a few days away.......or will there be yet another extansion on an extension with a bucket collection as well

If there's genuine interest from buyers then yes, an extension may be granted by the administrator because it's his job to actually SELL the club so if he liquidated the club while there's buyers in the wings he's not doing his job properly.